EMCOR Group (NYSE:EME) Upgraded to Buy at Sidoti

EMCOR Group (NYSE:EMEGet Rating) was upgraded by stock analysts at Sidoti from a “neutral” rating to a “buy” rating in a report issued on Monday, The Fly reports. The firm currently has a $137.00 price target on the construction company’s stock. Sidoti’s target price would indicate a potential upside of 32.30% from the company’s current price.

Other equities analysts have also issued research reports about the company. DA Davidson raised EMCOR Group from a “neutral” rating to a “buy” rating and set a $142.00 price objective for the company in a research report on Friday, February 25th. StockNews.com downgraded EMCOR Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 2nd. Finally, Zacks Investment Research upgraded EMCOR Group from a “sell” rating to a “hold” rating and set a $118.00 price objective for the company in a research note on Wednesday, March 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $134.50.

Shares of EMCOR Group stock opened at $103.55 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.37 and a current ratio of 1.40. EMCOR Group has a 52-week low of $99.72 and a 52-week high of $135.98. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 14.99 and a beta of 1.18. The company’s 50 day moving average price is $112.80 and its 200-day moving average price is $118.97.

EMCOR Group (NYSE:EMEGet Rating) last issued its earnings results on Thursday, April 28th. The construction company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.17). The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.46 billion. EMCOR Group had a return on equity of 17.26% and a net margin of 3.65%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 EPS. As a group, equities research analysts forecast that EMCOR Group will post 7.59 earnings per share for the current fiscal year.

In other news, CEO Anthony Guzzi sold 1,381 shares of the stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $120.00, for a total transaction of $165,720.00. Following the transaction, the chief executive officer now owns 291,256 shares of the company’s stock, valued at approximately $34,950,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC raised its stake in shares of EMCOR Group by 1.0% in the third quarter. Neuberger Berman Group LLC now owns 8,974 shares of the construction company’s stock worth $1,035,000 after purchasing an additional 89 shares during the last quarter. Hilton Capital Management LLC raised its position in EMCOR Group by 4.8% during the fourth quarter. Hilton Capital Management LLC now owns 2,028 shares of the construction company’s stock valued at $258,000 after acquiring an additional 93 shares in the last quarter. State of Michigan Retirement System raised its position in EMCOR Group by 0.7% during the fourth quarter. State of Michigan Retirement System now owns 13,535 shares of the construction company’s stock valued at $1,724,000 after acquiring an additional 100 shares in the last quarter. Parkside Financial Bank & Trust raised its position in EMCOR Group by 66.2% during the first quarter. Parkside Financial Bank & Trust now owns 251 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in EMCOR Group by 0.3% during the first quarter. Nisa Investment Advisors LLC now owns 32,505 shares of the construction company’s stock valued at $3,661,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 94.36% of the company’s stock.

EMCOR Group Company Profile (Get Rating)

EMCOR Group, Inc provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food processing industries; low-voltage systems, such as fire alarm, security, and process control systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.

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